Pair surpassed yesterday’s high suggesting 96.00 has turned into a key support level to watch. Hourly indicators are clearly bullish despite in smaller time frames pair seems a bit over bought. Expect a minor downside correction before next up leg.
Support levels: 96.20 95.80 95.55
Resistance levels: 96.60 97.15 97.50
USD/CHF: Current Price: 1.0837
As, expected 61.8% Fibonacci rally retracement mentioned in Asian update has hold the downside, and the pair is turning slightly bullish in the hourly. So far 200 EMA around 1.0850 is holding the upside and above, 1.0870, 38.2% of the mentioned rally, is the point to watch for further raises.
Support levels: 1.0800 1.0770 1.0720
Resistance levels: 1.0840 1.0870 1.0920
